Golden-Cross Trading-Idea

Quoting Niedermaier

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A nice concept. I will test it.
That's very good, post from time to time.

A stupid question. Would you combine this with other Strategies you tested before?
Not really, because the MAs and the predicted crossing are new to me too.

And most important as always. Whats the best money Management
It's not that easy, and it goes hand in hand with personal risk tolerance.
For example, how did I get my current 1 million euros? I had 2 million and after trading I had 1 million...

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Quoting Spank1969

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Hi, is it possible to have the indicator for MT5?

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Quoting SwingMan

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New version "smGoldenCross Signals_v2.0" The big arrows in the previous version made the charts cluttered, so I eliminated them. Now rectangles are drawn, with limits the crossing price and the min/max HiLo's of the last two bars. Together with range values from the ChannelOscillator, one can easily create an entry strategy... (But always consider the upper trend!) {file} {image} {file}

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Quoting emmanuel7788

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{quote} hi SM Your "smGoldenCross_ " keep getting better and better .... thank you. I am sure we can develop a trading system with this. I use 5LWMA Close,Shift0 / 5EMA Typical,Shift+2 for 'signal'. ...

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Quoting hesron

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if add High and Low LWMA 5, the we can see the wave of price ..... depend on that price movement in wave, cycle price and trend ... bro SwingMan, sorry if I'm too advanced ... can you add the coding to: UP = if ( (LWMA 5,close)> (LWMA,open) && (LWMA 1,close/typical > LWMA 5,Low) ) DN = if ( (LWMA 5,close)< (LWMA,open) && (LWMA 1,close/typical < LWMA 5,High) ) if my opinion is wrong, then just ignore it

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Quoting Lazar83

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Hi Swing man, awesome idea to integrate 3 Screen method. I noticed that a good portion of my sl and failed trades could have been avoided if i had checked higher TFs and not obsessively stuck to one TF, but to be honest, it is damn tiring to flip charts on daily work. Any chances of doing a complete 3-screen method from Alexander Elder so that it could be traded from one screen?

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Quoting SwingMan

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New version "smGoldenCross Signals_v3.0" (I'm sorry, but I made a big mistake, and I calculated signals for the lower time frame as well, and that only works for the upper time frame!) Short remarks: - In the current chart, the background is drawn according to the trend in the upper time frame. - The value of the close forecasting is written on the last bar, so that it is easier to place an order. I think now it's easy to see that trading towards the UpperTrend is favorable! I can already see some problems in the charts... If anyone tests the indicator...

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Quoting SwingMan

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New version "smGoldenCross Signals_v3.0" (I'm sorry, but I made a big mistake, and I calculated signals for the lower time frame as well, and that only works for the upper time frame!) Short remarks: - In the current chart, the background is drawn according to the trend in the upper time frame. - The value of the close forecasting is written on the last bar, so that it is easier to place an order. I think now it's easy to see that trading towards the UpperTrend is favorable! I can already see some problems in the charts... If anyone tests the indicator...

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Quoting Niedermaier

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Hello guys, this Morning around London open i have taken Trades in Eur/USD Eur/GBP and EUR/JPY - i dont know if the signals are corrent. Because i dont know what exactly the osci is about and i only have checked if the higher charts are in the same direction. No Pa or something else. every trade went well because of the lack of the Euro they are now at 1:1 RR. Would you put the stop at be and let the trades run or better to close? Its a live account so i only have drawn lines than enter a trade.

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Quoting SwingMan

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Hi @Hesron, OK, you only have the background for the current timeframe here. One would have to have an additional chart (e.g. M3 with different parameters), and then name the M3 as UpperTrend. The problem is that because of the different bar spacing, it's hard to tell how it works.

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Quoting SwingMan

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{quote} Here is the source code of the oscillator: https://www.forexfactory.com/thread/...6#post13833426 It calculates the ATR and a channel range to easily calculate entry, TP and stop distances. One may find that it is optimal to take the smallest value between ATR and channel range! Your entries are correct because they were taken in the direction of UpperTrend = Long. One can also wait until the price moves in the direction of the predicted close in the opposite direction = Short. For such decisions I will also post later...

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